Which bank is best for SCSS?

The full form of SCSS is Senior Citizens Savings Schemes. Anyone can avail of this scheme above the age of 60 years. If you avail of this scheme you will get different types of benefits, long-term features and unmatched security. Now, before applying for SCSS, you should know which bank is best for SCSS. Before sharing with you the best bank to invest in SCSS, let us know about the eligibility criteria for SCSS.

• An individual who has attained 60 years of age or above can open an SCSS account.

• Retired individuals who have crossed 55 years of age but are not 60 years are eligible to open an SCSS account.

• Any individual who has attained 55 years of age and is retired can invest in this scheme even though SCSS rules are implemented later.

• NRIs cannot invest in this scheme.

• Hindu Undivided Families (HUF) cannot invest in the SCSS scheme.

• Two passport-size photographs.

• Form A should be filled in and submitted.

• Identity Proof such as a Passport or Permanent Account Number (PAN) Card should be submitted.

• Proof of Address and Aadhaar card.

• Age proof such as PAN Card, Birth Certificate, etc.

Some of the best senior citizen saving scheme in banks includes:

• Andhra Bank

• Allahabad Bank

• Bank of Baroda

• Bank of India

• Bank of Maharashtra

• Canara Bank

• Central Bank of India

• Corporation Bank

• Dena Bank

• Indian Bank

• Indian Overseas Bank

• Oriental Bank of Commerce

• Punjab National Bank

• State Bank of Bikaner & Jaipur

• State Bank of Hyderabad

• State Bank of India

• State Bank of Mysore

• State Bank of Patiala

• State Bank of Travancore

• Syndicate Bank

• UCO Bank

• Union Bank of India

• United Bank of India

• Vijaya Bank

• IDBI Bank Ltd.

• ICICI Bank Ltd.

I have mentioned which bank is best for SCSS. I hope you find this informative.       

Read more: